LEASE CONTRACT
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT OF LEASE is made and executed at the Municipality of Carigara, Leyte, Philippines , this
day of _______________, 20____, by and between:
Nicolas L. Makabenta, of legal age, married, Filipino, and with residence and postal address at 874
del Carmen St. Baybay, Carigara, Leyte, hereinafter referred to as the LESSOR.
-AND-
Spouses Joseph T. Villasin and Evelyn C. Villasin, both Filipino and with residence and postal address
at Brgy. Tagak, Carigara, Leyte, hereinafter referred to as the LESSEE.
WITNESSETH; That
WHEREAS, the LESSOR is the co-owner administrator of THE LEASED PREMISES, a residential property
situated at 874 del Carmen street Baybay, Carigara, Leyte;
WHEREAS, the LESSOR agrees to lease-out the portion of the property to the LESSEE and the LESSEE is
willing to lease the same;
NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR leases unto the
LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises, subject to the following:
TERMS AND CONDITIONS
1. PURPOSES: That premises hereby leased shall be used exclusively by the LESSEE for business
purposes only and shall not be diverted to other uses. It is hereby expressly agreed that if at any time
the premises is used for other purposes, the LESSOR shall have the right to rescind this contract without
prejudice to its other rights under the law.
2. TERM: This term of lease is for THREE (3) MONTH. from (__) to (__) inclusive. Upon its expiration,
this lease may be renewed under such terms and conditions as my be mutually agreed upon by both
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parties, written/oral notice of intention to renew the lease shall be served to the LESSOR not later than
seven (7) days prior to the expiry date of the period herein agreed upon.
3. RENTAL RATE: The monthly rental rate for the leased premises shall be in PESOS: SEVEN THOUSAND
FIVE HUNDRED PESOS (P 7,500.00), Philippine Currency. All rental payments shall be payable to the
LESSOR.
4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this contract and prior to
move-in an amount equivalent to the rent for THREE(3) MONTHS or the sum of PESOS: TWENTY TWO
THUSAND AND FIVE HUNDRED PESOS (P 15,000.00), Philippine Currency. wherein the TWO(2) months
deposit shall be applied as rent for the 1ST and 2ND months and the remaining one (1) month deposit
shall answer partially for damages and any other obligations, for utilities such as Water, Electricity,
CATV, Telephone, Association Dues or resulting from violation(s) of any of the provision of this contract.
5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, such as when the
checks are dishonored, the LESSOR at its option may terminate this contract and eject the LESSEE.
6. SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit the leased premises to
be occupied in whole or in part by any person, form or corporation, neither shall the LESSEE assign its
rights hereunder to any other person or entity and no right of interest thereto or therein shall be
conferred on or vested in anyone by the LESSEE without the LESSOR'S written approval.
7. PUBLIC UTILITIES: The LESSEE shall pay for its telephone, electric, cable TV, water, Internet,
association dues and other public services and utilities during the duration of the lease.
8. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed or damaged by fire,
flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen disabling cause of acts of
God, as to render the leased premises during the term substantially unfit for use and occupation of the
LESSEE, then this lease contract may be terminated without compensation by the LESSOR or by the
LESSEE by notice in writing to the other.
9. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized agent shall after giving due notice to the
LESSEE shall have the right to enter the premises in the presence of the LESSEE or its representative at
any reasonable hour to examine the same or make repairs therein or for the operation and maintenance
of the building or to exhibit the leased premises to prospective LESSEE, or for any other lawful purposes
which it may deem necessary.
10. EXPIRATION OF LEASE: At the expiration of the term of this lease or cancellation thereof, as herein
provided, the LESSEE will promptly deliver to the LESSOR the leased premises with all corresponding
keys and in as good and tenable condition as the same is now, ordinary wear and tear expected devoid
of all occupants, movable furniture, articles and effects of any kind. Non-compliance with the terms of
this clause by the LESSEE will give the LESSOR the right, at the latter's option, to refuse to accept the
delivery of the premises and compel the LESSEE to pay rent therefrom at the same rate plus Twenty Five
(25) % thereof as penalty until the LESSEE shall have complied with the terms hereof. The same penalty
shall be imposed in case the LESSEE fails to leave the premises after the expiration of this Contract of
Lease or termination for any reason whatsoever.
11. ARBITRATION PROCEEDING: In case of disagreement arising out of this contract the parties agrees to
submit to arbitration to settle dispute.
11. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek judicial relief against
the other, the losing party shall pay an amount of One Hundred (100) % of the amount clamed in the
complaint as attorney's fees which shall in no case be less than P50,000.00 pesos in addition to other
cost and damages which the said party may be entitled to under the law.
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12. This CONTRACT OF LEASE shall be valid and binding between the parties, their successors-in-interest
and assigns.
IN WITNESS WHEREOF, parties herein affixed their signatures on the date and place above written.
(Nicolas L. Makabenta) (Joseph T. Villasin) (Evelyn C. Villasin)
LESSOR LESSEE
Signed in the presence of:
_____________________________ ______________________________
______________________________
ACKNOWLEDGEMENT
Republic of the Philippines)
_________________________) S.S
BEFORE ME, personally appeared:
Name CTC Number Date/Place Issued
Nicolas L. Makabenta __________ October _, 2017 / Carigara, Leyte
Joseph T. Villasin __________ October _, 2017 / Carigara, Leyte
Evelyn C. Villasin __________ October _, 2017 / Carigara, Leyte
Known to me and to me known to be the same persons who executed the foregoing instrument and
acknowledged to me that the same is their free and voluntary act and deed.
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This instrument consisting of four (4) page/s, including the page on which this acknowledgement is
written, has been signed on each and every page thereof by the concerned parties and their witnesses,
and and sealed with my notarial seal.
WITNESS MY HAND AND SEAL, on the date and place first above written.
Notary Public
Doc. No.______;
Page No. ______;
Book No.______;
Series of 20___.
